INDUSTRY: Catch for Ketchikan

On a ragged finger of coastline, stretching about 350 miles along the panhandle of Alaska, stands the Tongass National Forest, biggest expanse of virgin timberland in North America. Last week, at the foot of a tree-grown hill six miles from Ketchikan (pop. 8,000), a group of U.S. businessmen dedicated a $52.5 million pulp mill, the first to use the vast resources of the forest.

The mill is the biggest industrial investment ever made by private capital in Alaska and the only major year-round industry in the territory. Built by the American Viscose Corp....

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